Can I retire at age 54 with 2,820,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$232,873$230,799$228,775$226,800$224,871$216,034
2 years$115,284$113,137$111,056$109,038$107,081$98,287
3 years$76,092$73,936$71,860$69,862$67,937$59,461
4 years$56,501$54,351$52,296$50,332$48,453$40,361
5 years$44,748$42,612$40,584$38,659$36,833$29,145
6 years$36,916$34,796$32,798$30,916$29,145$21,866
7 years$31,324$29,221$27,255$25,418$23,703$16,830
8 years$27,132$25,048$23,114$21,323$19,664$13,191
9 years$23,873$21,809$19,909$18,162$16,560$10,477
10 years$21,267$19,223$17,357$15,656$14,110$8,405
11 years$19,137$17,113$15,281$13,625$12,135$6,795
12 years$17,363$15,360$13,561$11,951$10,516$5,527
13 years$15,863$13,881$12,116$10,551$9,170$4,517
14 years$14,578$12,618$10,886$9,366$8,038$3,706
15 years$13,466$11,526$9,829$8,353$7,078$3,050
16 years$12,494$10,575$8,911$7,479$6,255$2,516
17 years$11,637$9,739$8,109$6,720$5,546$2,080
18 years$10,876$9,000$7,402$6,056$4,931$1,722
19 years$10,196$8,341$6,777$5,472$4,396$1,428
20 years$9,584$7,751$6,219$4,956$3,926$1,186
21 years$9,032$7,219$5,720$4,498$3,513$985
22 years$8,530$6,739$5,272$4,090$3,149$819
23 years$8,073$6,303$4,868$3,725$2,827$682
24 years$7,655$5,905$4,502$3,397$2,541$567
25 years$7,270$5,542$4,170$3,102$2,287$473
26 years$6,916$5,209$3,867$2,837$2,060$394
27 years$6,589$4,902$3,591$2,596$1,857$328
28 years$6,285$4,619$3,338$2,379$1,676$274
29 years$6,003$4,357$3,107$2,181$1,513$228
30 years$5,740$4,115$2,894$2,002$1,367$190
31 years$5,495$3,890$2,698$1,839$1,236$159
32 years$5,265$3,681$2,517$1,690$1,118$132
33 years$5,050$3,486$2,350$1,554$1,012$110
34 years$4,848$3,304$2,196$1,430$916$92
35 years$4,658$3,134$2,053$1,316$830$77
36 years$4,479$2,974$1,921$1,212$752$64
37 years$4,310$2,825$1,798$1,117$681$54
38 years$4,150$2,685$1,683$1,029$618$45
39 years$3,999$2,553$1,577$949$560$37
40 years$3,855$2,429$1,478$875$508$31
41 years$3,719$2,312$1,386$808$461$26
42 years$3,590$2,202$1,300$745$418$22
43 years$3,467$2,098$1,220$688$380$18
44 years$3,351$2,000$1,145$635$345$15
45 years$3,239$1,907$1,075$587$313$13
46 years$3,133$1,819$1,010$542$284$11
47 years$3,032$1,736$949$501$258$9
48 years$2,935$1,657$892$463$234$7
49 years$2,842$1,583$838$428$213$6
50 years$2,753$1,512$788$395$193$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $2,820,000, adding $5,220 every year, while hoping to spend $36,481 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 44/47/9 Blend
53$2,820,000$2,820,000$2,820,000$2,820,000
54$3,113,024$2,963,564$2,919,854$3,241,778
55$3,391,737$3,069,964$2,978,854$3,438,001
56$3,697,656$3,180,354$3,038,607$3,646,405
57$4,033,518$3,294,892$3,099,101$3,871,445
58$4,402,337$3,413,741$3,160,321$4,114,660
59$4,807,433$3,537,072$3,222,250$4,377,745
60$5,252,464$3,665,062$3,284,868$4,662,557
61$5,741,461$3,797,896$3,348,157$4,971,141
62$6,278,864$3,935,766$3,412,094$5,305,742
63$6,869,562$4,078,872$3,476,653$5,668,829
64$7,518,944$4,227,424$3,541,807$6,063,113
65$8,232,947$4,381,638$3,607,529$6,491,579
66$9,018,110$4,541,742$3,673,784$6,957,506
67$9,881,641$4,707,971$3,740,539$7,464,501
68$10,831,478$4,880,571$3,807,757$8,016,533
69$11,876,368$5,059,798$3,875,396$8,617,966
70$13,025,950$5,245,920$3,943,414$9,273,599
71$14,290,842$5,439,216$4,011,764$9,988,716
72$15,682,745$5,639,974$4,080,395$10,769,128
73$17,214,550$5,848,498$4,149,253$11,621,230
74$18,900,463$6,065,103$4,218,282$12,552,061
75$20,756,135$6,290,118$4,287,419$13,569,365
76$22,798,812$6,523,885$4,356,598$14,681,668
77$25,047,496$6,766,761$4,425,750$15,898,354
78$27,523,128$7,019,119$4,494,800$17,229,752
79$30,248,778$7,281,347$4,563,667$18,687,235
80$33,249,871$7,553,851$4,632,268$20,283,321
81$36,554,421$7,837,053$4,700,512$22,031,794
82$40,193,296$8,131,393$4,768,303$23,947,830
83$44,200,512$8,437,331$4,835,541$26,048,140
84$48,613,550$8,755,346$4,902,117$28,351,124
85$53,473,713$9,085,938$4,967,918$30,877,045
86$58,826,511$9,429,629$5,032,824$33,648,217
87$64,722,098$9,786,963$5,096,706$36,689,214
88$71,215,735$10,158,507$5,159,429$40,027,100
89$78,368,321$10,544,855$5,220,851$43,691,682
90$86,246,961$10,946,625$5,280,820$47,715,788
91$94,925,603$11,364,460$5,339,179$52,135,578
92$104,485,731$11,799,036$5,395,758$56,990,879
93$115,017,140$12,251,053$5,450,381$62,325,561
94$126,618,780$12,721,247$5,502,860$68,187,947
95$139,399,689$13,210,381$5,553,000$74,631,266
96$153,480,023$13,719,255$5,600,591$81,714,155
97$168,992,190$14,248,704$5,645,416$89,501,208
98$186,082,101$14,799,597$5,687,244$98,063,580
99$204,910,542$15,372,845$5,725,834$107,479,662
100$225,654,699$15,969,395$5,760,931$117,835,810